N4.745b ‘fraud’ How Efcc arrested Omisore in Drama in Abuja

Former Osun State Deputy Governor, Senator Iyiola Omisore

Former Osun State Deputy Governor, Senator Iyiola Omisore, was yesterday arrested by the operatives of the commission in Abuja.

After several months being declared wanted by the Economic and Financial Crimes Commission, EFCC,of hide and seek, the Economic and Financial Crimes Commission (EFCC) yesterday arrested a former Deputy Governor of Osun State,  Otunba Iyiola Omisore.

The arrest of Omisore was with a show of drama. He reportedly locked himself up in the master’s bedroom to evade arrest by EFCC operatives, sources said

Accordly to Source,Omisore was arrested. Found in his room,, are $21,000 and about N1million cash.Sensitive documents relating to transfer of funds to slush companies by ONSA, the National Assembly and some companies were also recovered from Omisore, The Nation learnt.Omisore reportedly told the EFCC team: “I will not follow you; only my corpse will follow you.”

He was arrested in Abuja for the N4.745billion  allegedly allocated to him and others by the Office of the National Security Adviser(ONSA).Of the slush funds, about N1.310billion was allegedly traced to Omisore and three companies.

Spokesman for the EFCC, Wilson Uwujaren, confirmed the arrest of Omisore but did not give details. He only said the former Senator was arrested in his house in Abuja and taken into custody. To pave the way for his prosecution, the EFCC last week froze the five bank accounts traced to Omisore, Obanikoro and his two sons, having declared Omisore wanted in March this year.

Accordly to Thenation, “Efcc went into the compound and gained access to the house. We started searching the rooms one by one. At a point, we discovered that the master’s bedroom was locked. We asked them to open it but they said, they had no key to it. Having been aware of our presence, Omisore had firmly locked up himself to evade arrest.
“We surrounded the place with armed policemen and entered the master bedroom through the balcony. When we met him, we showed him a court warrant of arrest and a search warrant fully endorsed by a competent court.

After searching Omiore room, we discovered documents linking him to those  companies used for laundering of money from ONSA , National Assembly and some firms which they forced to part with cash to fund political campaign

The accounts frozen by the anti-graft agency included Sylvan McNamara (number 0026223714 with Diamond Bank); Sawanara Limited with First Bank; Fimex Gilt Limited with the United Bank for Africa; and Metropolitan Consortium with First Bank. The firm said to be owned by Obanikoro’s two sons- Gbolahan and Babajide reportedly received the N4.7 billion from the ONSA in  2014, out of which N1.3 billion was transferred to Omisore.

Accordly to Vanguard,sources said: “On July 9, 2014, N150 million was paid into the account of Sawanara with First Bank. On August 1, 2014, N300 million was paid to Sawanara Limited.” “On August 8, 2014, N160million was paid into the account of Fimex Gilt Limited domiciled with UBA. On the day of the election, August 9, 2014, N350million was paid into the First Bank account of Metropolitan Consortium. All the accounts were linked to Omisore ahead of the August 2014 governorship election in Osun State.”

He was arrested in Abuja for the N4.745billion  allegedly allocated to him and others by the Office of the National Security Adviser(ONSA).

Of the slush funds, about N1.310billion was allegedly traced to Omisore and three companies.
His suspected accomplices include Governor Ayodele Fayose and former Minister of (State) Defence Musiliu Obanikoro, who is in the United States.

Sensitive documents relating to transfer of funds to slush companies by ONSA, the National Assembly and some companies were also recovered from Omisore, The Nation learnt.
Omisore reportedly told the EFCC team: “I will not follow you; only my corpse will follow you.”
He reportedly surrendered when the siege to his house was daunting.

According to a top source in EFCC, the arrest of Omisore followed a successful trail of his movement to Abuja.
The source said: “We had intelligence report that Omisore was at his 1, Kainji Crescent in Maitama, Abuja. We set out at 6am to invite him but when we got there; we were told he was not in town.

“We went into the compound and gained access to the house. We started searching the rooms one by one. At a point, we discovered that the master’s bedroom was locked. We asked them to open it but they said, they had no key to it. Having been aware of our presence, Omisore had firmly locked up himself to evade arrest.

“We surrounded the place with armed policemen and entered the master bedroom through the balcony. When we met him, we showed him a court warrant of arrest and a search warrant fully endorsed by a competent court..

“Omisore, who knew the game was up said: ‘I will not follow you, only my corpse   will follow you.’ The suspense continued until his lawyer, a Senior Advocate of Nigeria, asked him to go to  EFCC headquarters.

“After then, we took him to the office and obtained  a statement from him. During interrogation,  he admitted that  he is a director of some of the companies linked to him . ONSA, National Assembly and some firms that paid huge funds into the accounts of these companies .”

According to the source, Omisore told detectives that the companies paid the funds  under investigation to him but they were the money he loaned them.

“We have served him bail conditions, it is left to him to meet these terms to regain freedom. So far, we have detained him,” the source said.

A top EFCC source, who spoke in confidence, said: “Preliminary findings have shown that N1.310billion out of the N4.745billion from ONSA was remitted to the three firms and the accounts of these three companies belong to Omisore. This is one of the reasons we have invited the former Deputy Governor but he is yet to show up.”
The anti-graft agency through a letter, of April 7, 2016 invited Omisore for interrogation.

The letter, signed by Abubakar Madaki on behalf of the Acting Chairman of EFCC, reads in part: “The commission is investigating an alleged case in which your name featured prominently.
“In view of the above, you are kindly requested to attend an interview the undersigned on Monday, 11th of April 2016 at No.30, Harper Crescent, Wuse Zone 7 at10am.
“Your cooperation in this regard is solicited.”

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